WDAY Workday, Inc.

NEUTRAL Impact: 3/10 144
Horizon days Filed Jun 9, 2026 Processed 3d 13h ago SEC 0001950047-26-005823
Form 144 — notice of proposed sale of securities

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Executive Summary

David A. Duffield, Workday's co-founder and a 10% stockholder, filed a Form 144 on June 9, 2026, indicating intent to sell 107,500 shares of common stock, valued at approximately $15.5 million based on the filing date. This is part of a pre-arranged 10b5-1 trading plan established on December 2, 2025, and follows a consistent pattern of monthly sales of 107,500 shares since March 2026. The sale is routine and pre-planned, not opportunistic, and represents a small fraction of Duffield's total holdings relative to Workday's $35.5B market cap.

Actionable Insight

This is a routine, pre-planned sale under a 10b5-1 plan with no new directional signal. The pattern of monthly 107,500-share sales is well-established and should not be read as insider concern. Monitor for any deviation from this cadence or an unexpected acceleration, which could signal a change in sentiment.

Key Facts

  • David A. Duffield (co-founder, 10% stockholder) filed Form 144 to sell 107,500 shares of Workday common stock.
  • Estimated proceeds of ~$15.5M based on filing date price.
  • Sale is under a 10b5-1 trading plan established on December 2, 2025.
  • Duffield has been selling 107,500 shares per month since March 2026 under the same plan.
  • Prior sales under the plan: June 4 ($16.1M), June 1 ($16.8M), April 9 ($12.1M), April 6 ($13.9M), March 31 ($13.9M), March 26 ($13.8M), March 23 ($14.7M), March 18 ($14.3M), March 13 ($14.3M), March 10 ($15.3M).
  • Workday market cap: $35.5B; sale represents ~0.04% of market cap.

Financial Impact

~$15.5M sale of common stock by co-founder under a pre-existing 10b5-1 plan; immaterial relative to $35.5B market cap.

dilution

Risk Factors

  • Continued insider selling, even under a plan, may create overhang perception among retail investors.
  • If Duffield accelerates or deviates from the 10b5-1 schedule, it could signal a change in outlook.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Computer Processing & Data Preparation
Analyst Consensus
58% bullish (48 analysts)

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001950047-26-005823
Document: 0001950047-26-005823-index.html0001950047-26-005823
Document: 0001950047-26-005823.txt0001950047-26-005823
7 reports for WDAY
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Type Now
Jun 12, 2026
today
144
NEUTRAL ★ 3/10
$130.88 awaiting T+1awaiting T+1$130.80 (−0.06%)
Jun 9, 2026
3d ago
144
NEUTRAL ★ 3/10
$140.23 awaiting T+1awaiting T+1$130.80 (−6.72%)
Jun 1, 2026
11d ago
144
NEUTRAL ★ 3/10
$148.80 $146.83▼ −1.32%▼ −0.60%$130.80 (−12.09%)
May 5, 2026
5w ago
DEFA14A
NEUTRAL ★ 2/10
$122.62 $130.83▲ +6.70%▲ +7.03%$130.80 (+6.67%)
Apr 6, 2026
9w ago
Insider Cluster
BEARISH ★ 7/10
$129.61 $127.41▲ +1.70%▲ +1.76%$130.80 (−0.92%)
Mar 27, 2026
11w ago
Institutional Cluster
MIXED ★ 6/10
$124.06 $128.72▲ +3.76%▲ +4.11%$130.80 (+5.44%)
Feb 24, 2026
15w ago
8-K
BULLISH ★ 8/10
$132.51 $138.74▲ +4.70%▲ +5.25%$130.80 (−1.29%)
Showing 7 of 7

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Market Closed — Opens Mon (52h 2m)

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